Viridien's market value is the price at which a share of Viridien trades on a public exchange. It measures the collective expectations of Viridien investors about its performance. Viridien is trading at 45.30 as of the 12th of December 2024, a 2.03% increase since the beginning of the trading day. The stock's open price was 44.4. With this module, you can estimate the performance of a buy and hold strategy of Viridien and determine expected loss or profit from investing in Viridien over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Viridien
Viridien 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Viridien's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Viridien.
0.00
10/13/2024
No Change 0.00
0.0
In 2 months and 2 days
12/12/2024
0.00
If you would invest 0.00 in Viridien on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Viridien or generate 0.0% return on investment in Viridien over 60 days.
Viridien Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Viridien's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Viridien upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Viridien's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Viridien's standard deviation. In reality, there are many statistical measures that can use Viridien historical prices to predict the future Viridien's volatility.
Viridien appears to be very steady, given 3 months investment horizon. Viridien owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Viridien, which you can use to evaluate the volatility of the company. Please review Viridien's Coefficient Of Variation of 1125.95, risk adjusted performance of 0.072, and Semi Deviation of 2.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Viridien holds a performance score of 9. The entity has a beta of -0.84, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Viridien are expected to decrease at a much lower rate. During the bear market, Viridien is likely to outperform the market. Please check Viridien's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Viridien's existing price patterns will revert.
Auto-correlation
0.59
Modest predictability
Viridien has modest predictability. Overlapping area represents the amount of predictability between Viridien time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Viridien price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Viridien price fluctuation can be explain by its past prices.
Correlation Coefficient
0.59
Spearman Rank Test
0.69
Residual Average
0.0
Price Variance
4.42
Viridien lagged returns against current returns
Autocorrelation, which is Viridien stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Viridien's stock expected returns. We can calculate the autocorrelation of Viridien returns to help us make a trade decision. For example, suppose you find that Viridien has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Viridien regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Viridien stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Viridien stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Viridien stock over time.
Current vs Lagged Prices
Timeline
Viridien Lagged Returns
When evaluating Viridien's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Viridien stock have on its future price. Viridien autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Viridien autocorrelation shows the relationship between Viridien stock current value and its past values and can show if there is a momentum factor associated with investing in Viridien.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.